Nvidia To Rally Around 53%? Here Are 10 Top Analyst Forecasts For Tuesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several major stocks, including upgrades, downgrades, and price target changes. Notable changes include upgrades for The Kroger Co. (KR) and Nurix Therapeutics, Inc. (NRIX), and significant price target increases for Micron Technology, Inc. (MU) and NVIDIA Corporation (NVDA).
June 18, 2024 | 1:44 pm
News sentiment analysis
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POSITIVE IMPACT
Piper Sandler boosted the price target for AbbVie Inc. from $185 to $190 and maintained an Overweight rating. AbbVie shares gained 0.7% to close at $169.68 on Monday.
The increased price target and maintained Overweight rating suggest positive sentiment and potential for modest short-term gains.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Argus Research boosted Chipotle Mexican Grill, Inc. price target from $3,668 to $3,888 and maintained a Buy rating. Chipotle shares closed at $3,365.46 on Monday.
The increased price target and maintained Buy rating are likely to attract investor interest, driving short-term price gains.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
BMO Capital raised the price target for The Kroger Co. from $58 to $60 and upgraded the stock from Market Perform to Outperform. Kroger shares gained 1.3% to close at $51.05 on Monday.
The upgrade and increased price target from a reputable analyst firm are likely to boost investor confidence and drive short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JMP Securities increased Mirum Pharmaceuticals, Inc. price target from $66 to $68 and maintained a Market Outperform rating. Mirum shares rose 27.3% to close at $33.00 on Monday.
The significant price increase and maintained positive rating indicate strong investor interest and potential for continued upward momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 75
POSITIVE IMPACT
Wedbush boosted Micron Technology, Inc. price target from $130 to $170 and maintained an Outperform rating. Micron shares gained 4.6% to close at $147.83 on Monday.
The significant price target increase and maintained Outperform rating are likely to drive strong investor interest and short-term price gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
HC Wainwright & Co. raised the price target for Nurix Therapeutics, Inc. from $19 to $26 and maintained a Buy rating. Nurix shares rose 0.7% to close at $15.29 on Monday.
The maintained Buy rating and increased price target suggest positive sentiment and potential for further gains in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Rosenblatt increased NVIDIA Corporation price target from $140 to $200 and maintained a Buy rating. NVIDIA shares fell 0.7% to close at $130.98 on Monday.
Despite the short-term price drop, the significant price target increase and maintained Buy rating indicate strong long-term potential, likely to attract investors.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Stifel increased the price target for Wingstop Inc. from $420 to $460 and maintained a Buy rating. Wingstop shares gained 4.7% to close at $417.38 on Monday.
The increased price target and maintained Buy rating are likely to attract more investors, driving short-term price gains.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 70
NEUTRAL IMPACT
Mizuho cut Accenture plc price target from $398 to $350 and maintained a Buy rating. Accenture shares fell 0.4% to close at $285.53 on Monday.
The price target cut and slight share price decline suggest mixed sentiment. The maintained Buy rating indicates potential for recovery.
CONFIDENCE 80
IMPORTANCE 55
RELEVANCE 65
NEUTRAL IMPACT
Baird slashed Acuity Brands, Inc. price target from $286 to $280 and maintained a Neutral rating. Acuity Brands shares rose 2.7% to close at $259.23 on Monday.
Despite the price target cut, the stock rose, indicating mixed sentiment. The Neutral rating suggests limited short-term impact.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60